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William Jones: The U.S. Could Be Shooting Itself in the Foot with Huawei Sanctions
The near-hysteria in Washington over the expansion of Huawei worldwide and its development of 5G technology has provided some much sought ammunition for politicians here in Washington with a dearth of ideas for resolving America’s economic woes, and may have some short-sighted benefit for them among a populace fearful that the direction of American society is on a downward spiral. Finding a scapegoat for the country’s dilemma apart from the powers in Washington that actually determine the fate of the nation, is always a welcome relief for those power-brokers who hold themselves above scrutiny. And preventing a competing nation from becoming an integral contributor to the vital communications networks on which the world increasingly depends is an added boon. And yet the attempt to undermine Huawei from becoming a bigger player in the world’s communications systems may in fact sabotage the growth of U.S. companies engaged in the same field.
2019-06-18 -
UBS removes controversial economist following outrage over racist report
UBS confirmed with the Global Times it has asked its analyst Paul Donovan to take a leave of absence as the Swiss investment bank reviews the matter that the analyst discussed China’s inflation in distasteful and racist language which sparked uproar among Chinese internet users, economists and several industry associations.
2019-06-18 -
Outlook for quick solution to US-China trade war is grim
Even as US President Donald Trump appears to be pushing for a restart of the deadlocked trade talks, many experts in China remain pessimistic about a quick resolution for the escalating trade war for the US government is unlikely to make compromises.
2019-06-17 -
Negotiations for EU top jobs 'arduous'
Negotiations on choosing the new leaders of European Union institutions will be long and arduous, as divergence over candidates for these jobs seems larger than ever.
2019-06-17 -
Guan Zhaoyu: Why is Abe's visit to Iran a much-needed trip?
On June 12, Japanese Prime Minister Shinzo Abe arrived in Iran for a two-day visit. His visit has attracted worldwide attention, which aimed to reduce the tension between Iran and the U.S. During his visit, Abe met with Iran's supreme leader Ayatollah Ali Khamenei and its President Hassan Rouhani. He is the first incumbent Japanese Prime Minister who has visited Iran since Yasuo Fukuda in 1978.
2019-06-14 -
Chinese netizens reject UBS apology after issuing a 'racist' report on China’s inflation
Chinese netizens were outraged on Thursday by a UBS report that used distasteful and racist language to analyze China's inflation and called for putting the Swiss bank on the Chinese Unreliable Entity List despite an apology for what it calls its “innocently intended comment.”
2019-06-14 -
US recklessness could trigger major recession, financial crisis
The China-US trade war may be just between two countries, but its implications will be global and if it continues to escalate and expand, it could trigger a major recession and global financial crisis more severe than the one in 2008, top Chinese experts warned on Thursday.
2019-06-14 -
Liu Zhiqin: The US seriously distorts market economy
Many have been thinking the same questions: What kind of country is the US? Is it still a "normal market economy?" The eccentric behavior of the US has sparked people to re-examine the world's largest economy. What is its problem?
2019-06-13 -
Ding Gang: US and the hierarchy of civilizations
In 1876, the US Congress had a debate on the Chinese immigrants. One side thought the Chinese immigrants should be expelled from the US while the other side believed they needed to be "tamed" in keeping with God's request. They were united by the common refrain - Chinese are an inferior race. What divided them was the approach to this Asian people - whether the Chinese immigrants should be shunned or assimilated by an attempt to change them.
2019-06-13 -
Wang Wen: China and Russia seek further cooperation in finance, education and culture
At the 6th China-Russia economic think tank dialogue and the 4th Russia-China business forum, many Russians held an active attitude toward enhancing cooperation with China and benefit from China's Belt and Road Initiative.
2019-06-13 -
One year on, are the U.S. and DPRK closer or farther apart?
One year ago, Democratic People's Republic of Korea (DPRK) leader Kim Jong Un and U.S. President Donald Trump held a historic meeting in Singapore, taking the "important first step" toward denuclearization and peace on the Korean Peninsula.
2019-06-13 -
China and Russia are navigating the choppy waters of global diplomacy
From military adversaries to economic partners, and now best friends. China and Russia are navigating the choppy waters of global diplomacy, as tensions rise with Europe and the United States. Russia’s pivot to the East comes after relations with the European Union broke down following the conflict in Ukraine. China meanwhile is embroiled in a tit-for-tat trade war with the U.S. But the trade winds seem to be shifting.
2019-06-12 -
US Attitude to Maintain Its Monopoly in IT Field Is Short-Sighted
Huawei launches its own operating system by autumn. Primarily, the new operating system called OAK OS will be used in Huawei smartphones. After the US Department of Commerce had blacklisted the company, Google said that Android OS would not be supported by new Huawei devices.
2019-06-12 -
Strengthening China-Russia Comprehensive Strategic Partnership: The Necessity of Solidarity for a New Era
During the state visit, we saw that China and Russia continue to steadily push forward the possibility of such loyalty. Both sides have agreed to build close ties between the Belt and Road Initiative and the Eurasian Economic Alliance, which require more political wisdom and business plans in order to satisfy both sides.
2019-06-12 -
Wang Wen: China brings new confidence to the world
Dr. Wang Wen, Executive Dean of Chongyang Institute for Financial Studies (RDCY) and the Deputy Dean and Distinguished Visiting Professor of Silk Road School at Renmin University of China,was interviewed by Belt&Silkroad.com, a Indonesian website initiated by UCLG ASPAC to create a platform for communication and knowledge sharing among the people along the silk roads.
2019-06-12 -
William Jones: China grows weary of the U.S. moving the goal posts on trade
The publication by China's Ministry of Commerce of the policy white paper “China's Position on the China-U.S. Economic and Trade Consultations” last week, coupled with China's Ministry of Commerce's research report on U.S. gains from bilateral trade cooperation on Thursday, are really China drawing a line in the sand, noting that their patience was running out with the continual shifts in U.S. policy in resolving the contentious trade negotiations. How many times have we seen the two sides approaching some type of agreement when suddenly President Donald Trump, or one of his advisers, makes some remarks about issues that remain unresolved and throws everything into turmoil?
2019-06-12 -
Zhao Minghao: With stepped-up plan, US takes aim at China
The Pentagon released its first Indo-Pacific Strategy Report (IPSR) on June 1. On the same day, US Acting Defense Secretary Patrick Shanahan explained the main points of this report when he spoke at the 18th Shangri-La Dialogue in Singapore which was held between May 31 and June 2. Amid an escalating trade conflict between China and the US, US President Donald Trump's administration is determined to invest more resources in implementing the Indo-Pacific Strategy, especially in the field of security, which has not only alarmed Beijing, but also unsettled most countries in the region.
2019-06-11 -
Nod to new lender is a shot in the arm for China's private banks
The China Banking and Insurance Regulatory Commission (CBIRC)'s nod to the Jiangxi Yumin Bank makes it the first private bank in eastern Jiangxi Province and the 18th private bank in China.
2019-06-11 -
Trumpeting "America First" harms Americans first
Trumpeting "America First" rhetoric, the U.S. administration has been antagonizing major trading partners by rolling out tariffs on the grounds of being taken advantage of, but the protectionist and unilateral measures would only harm Americans first.
2019-06-11 -
Imbalanced industrial structure cannot meet demand in U.S.
China's Ministry of Commerce has said the United States has benefited greatly from trade with China, and Beijing will soon release details about the unreliable entity list. The ministry’s latest report also highlighted two ways in which America is benefiting from bilateral trade. Liu Zhiqin, a senior research fellow at the Chongyang Institute of Financial Studies, was interviewed by CGTN, talking about the report sets the record straight about the real situation in the United States.
2019-06-10
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